There are a lot of beautiful older homes available in the Minneapolis area, and these older homes come with many benefits—more character and charm, quaint neighborhoods, and a proven sturdy foundation. Unfortunately, an older home typically means that the HVAC system and appliances are also on the older side. There are a few aspects of purchasing an older home that you should be prepared to deal with if you choose to make an offer.
Get a Home Inspection
Getting a professional home inspection is always a good idea before sealing the deal on a new home, but especially when the house you’re purchasing is on the older side. The inspector will be able to evaluate the health of the home’s HVAC system to give you an estimate of how much remaining life it has before needing repair or replacement. Only you can make the final decision about what you’re comfortable with, but it’s good to know what you’re signing on for.
Ask for an Estimate
If your home inspector tells you that your furnace or A/C doesn’t have much life left in it, you should consider getting an estimate for the cost of repair or replacement before you make a decision about the house. Likewise, if the home doesn’t have central air conditioning at all, you’ll want to get an installation estimate. Factoring in these extra costs is a crucial part of considering the asking price of the home.
Use HVAC System Age as a Negotiation Point
Once you’ve gone through the home inspection and gotten your estimates, you can use the estimate as a point of negotiation if you still want to move forward with buying the home. Asserting that the system will need replacing within a couple years of purchasing the home might convince the seller to lower their price in order to account for the money you would soon need to invest in a new HVAC system installation.
Get a Home Warranty
Especially if the HVAC system is beyond the halfway point of its lifetime, a home warranty can be a good safety net. It will cover the cost of repairs and replacements should any element of your HVAC system break down or fail. Signing up for a home warranty when you move into a house can save you money in the long run.
In addition to unexpected breakdowns, Bonfe’s home warranties provide protection against normal wear and tear while you live in your home, and cover all home systems including heating and cooling, electrical, plumbing, and appliances.
Purchasing an older home requires a little extra proactivity and preparation, but if you take the proper measures to cover your bases and enlist the assistance of a trusted HVAC service provider, there’s no reason to believe you won’t be comfortable in your home for years to come.